The chart above puts most recent sell-off into context.
Particularly noticeable is the lack of any panic as is represented by the put/call ratio.
This can be interpreted in one of two ways.
Either this was, as bulls claim, the “buying opportunity of a lifetime”. Or, the stock market must fall to much lower levels before the gauge spikes to levels typically associated with a stock market bottom.
If you would like to find out which case is about to play out, based on our timing and mathematical work, please Click Here.
